Midterm
Macroeconomic Theory
Fall 2010
There are three questions. They will be weighted equally.
Problem 1: Basics
Answer the following:
a. Suppose xt + Et xt+1 = zt where
and expected future values of zt .
b. Suppose y 2 (x) = fyj0
Lower-hemicontinuous?

Macro Theory 1
_
Fall 2011
Midterm exam
There are a total of eleven questions. Do them all. Each question is worth
ten points.
Part 1 Bellman equations
Consider the following situations. For each write the Bellman equation (or
equations) that equation tha

Midterm
Macroeconomic Theory
Fall 2007
Answer all three questions (total points = 125)
Problem 1
a. (10 points) Orens coee house gives you a free cup of coee for every
12 cups you purchase. Suppose cups of coee and money are continuous
variables. Suppose

Midterm
Macroeconomic Theory
Fall 2010
Problem 1: Basics
Answer the following:
a. Suppose + +1 = where (0 1). Write in terms of current
and expected future values of .
There are several ways to do this one.
You can substitute forward
= +1
= (+1 +1 +2 )

Macro Theory 1
Fall 2011
Midterm exam
There are a total of eleven questions. Do them all. Each question is worth
ten points.
Part 1 Bellman equations
Consider the following situations. For each write the Bellman equation
(or equations) that characterizes

Midterm
Macroeconomic Theory
Fall 2007
Answer all three questions (total points = 125)
Problem 1
a. (10 points) Orens coee house gives you a free cup of coee for every
12 cups you purchase. Suppose cups of coee and money are continuous
variables. Suppose